Autonomous cars will reach sales of 24 million units in 2030

The total number of new registrations of autonomous cars is forecasted to grow at a compound annual growth rate (CAGR) of 62 percent from 0.2 million units in 2020 to reach 24 million units in 2030, according to a new research report from Berg Insight.

The active installed base of autonomous cars is forecasted to have reached about 71 million at the end of 2030. These figures include SAE Level 3 and 4 cars. It is important to note that autonomous cars are not a single innovation; rather this technology can be seen as a continuum of various levels of autonomy where the amount of driver involvement is the main differentiating factor.

Furthermore, several sophisticated technologies must come together to enable a car to safely drive by itself and autonomous cars will therefore roll out in incremental phases. In particular, software for interpreting sensor information and managing the driving logic is key to the development of self-driving cars.

The incumbent automakers are joined by multiple new actors such as IT companies and other technology-oriented firms. Most incumbent automotive companies pursue an incremental approach with step-by-step roll-out of autonomous systems while startups and IT companies take a more revolutionary direction and aim at developing fully autonomous cars immediately from scratch.

“These pathways do not contradict each other as different autonomous systems are suitable in different use cases. We will continue to see development from both sides for still some years before the two approaches converge“, says Ludvig Barrehag, M2M/IoT analyst at Berg Insight.